Buffett's Berkshire Hathaway cuts its stake in Tesco

LONDON (MarketWatch) -- Warren Buffett's Berkshire Hathaway
BRK, +0.07%
has reduced its holdings of Tesco PLC
TSCO, -0.69%
shares, according to a filing released on Thursday. Berkshire Hathwaway now owns less than 3% of the U.K. supermarket chain, down from around 4%, which was the fourth largest stake in Tesco. The sale comes after Tesco revealed in September a 250 million-pound ($400 million) accounting issue. Buffett has since said he made a "huge mistake" by investing in the company. Tesco shares were down 0.9% in London on Thursday.

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